This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stoc

The aim of this book is to study three essential components of modern finance – Risk Management, Asset Management and Asset and Liability Management, as well

Over the last two decades, risk-sensitive control has evolved into an innovative and successful framework for solving dynamically a wide range of practical inve

The study of heavy-tailed distributions allows researchers to represent phenomena that occasionally exhibit very large deviations from the mean. The dynamics un

Portfolio risk forecasting has been and continues to be an active research field for both academics and practitioners. Almost all institutional investment manag